News 2

Between 2011 and 2013, companies with a female CEO got only 3% of the total venture capital dollars available. That’s $1.5 billion out of the total $50.8 billion invested in that two year period—a tiny slice of the pie. This year’s Crunchies, the Oscars for the tech community, had a new award category: the Diversity Include Award. Silicon Valley is as guilty as Hollywood for its lack of diversity.

In an inaugural technology conference hosted by the U.S. India Chamber of Commerce DFW, members of the business community spoke about the importance of minority businesses and collaboration with outside technology development. The keynote breakfast speaker was Albert Shen, who was appointed by President Barack Obama to be the national deputy director of Minority Business Development Agency, said minorities will make up a majority of the country by 2044 and that five states or districts — Texas, New Mexico, Hawaii, California and Washington D.C — are already that way.